LCRDX vs. NEFZX

Last updated Jun 5, 2026

LCRDX (Lord Abbett Credit Opportunities Fund) and NEFZX (Loomis Sayles Strategic Income Fund) are both Multisector Bonds funds. Over the past 5 years, LCRDX returned 3.36%/yr vs 2.13%/yr for NEFZX. A 0.53 correlation means they provide meaningful diversification when combined. LCRDX charges 1.39%/yr vs 0.95%/yr for NEFZX.

Performance

LCRDX vs. NEFZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Credit Opportunities Fund (LCRDX) and Loomis Sayles Strategic Income Fund (NEFZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCRDX achieves a 2.26% return, which is significantly higher than NEFZX's -0.46% return.

LCRDX

• 1D: 0.00%
• 1M: 0.89%
• YTD: 2.26%
• 6M: 1.57%
• 1Y: 7.65%
• 3Y*: 8.23%
• 5Y*: 3.36%
• 10Y*: —

NEFZX

• 1D: -0.32%
• 1M: -0.16%
• YTD: -0.46%
• 6M: -0.46%
• 1Y: 4.83%
• 3Y*: 7.29%
• 5Y*: 2.13%
• 10Y*: 3.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LCRDX vs. NEFZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LCRDX Lord Abbett Credit Opportunities Fund	2.26%	5.03%	10.16%	11.25%	-13.00%	12.19%	8.53%
NEFZX Loomis Sayles Strategic Income Fund	-0.46%	8.92%	7.05%	8.02%	-12.82%	3.85%	1.08%

Correlation

The correlation between LCRDX and NEFZX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jan 3, 2020	0.53

The correlation between LCRDX and NEFZX shifts across timeframes, from 0.39 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LCRDX vs. NEFZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LCRDX

LCRDX Risk / Return Rank: 43
LCRDX Sharpe Ratio Rank: 42
LCRDX Sortino Ratio Rank: 61
LCRDX Omega Ratio Rank: 56
LCRDX Calmar Ratio Rank: 35
LCRDX Martin Ratio Rank: 19

NEFZX

NEFZX Risk / Return Rank: 24
NEFZX Sharpe Ratio Rank: 27
NEFZX Sortino Ratio Rank: 26
NEFZX Omega Ratio Rank: 29
NEFZX Calmar Ratio Rank: 19
NEFZX Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LCRDX vs. NEFZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Credit Opportunities Fund (LCRDX) and Loomis Sayles Strategic Income Fund (NEFZX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LCRDX	NEFZX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.45	+0.40
Sortino ratio: Return per unit of downside risk	3.21	2.10	+1.12
Omega ratio: Gain probability vs. loss probability	1.40	1.28	+0.12
Calmar ratio: Return relative to maximum drawdown	2.18	1.53	+0.65
Martin ratio: Return relative to average drawdown	4.94	5.12	-0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCRDX vs. NEFZX - Sharpe Ratio Comparison

The current LCRDX Sharpe Ratio is 1.84, which is comparable to the NEFZX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of LCRDX and NEFZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LCRDX	NEFZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	1.45	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.40	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.12	-0.20

Drawdowns

LCRDX vs. NEFZX - Drawdown Comparison

The maximum LCRDX drawdown since its inception was -22.75%, smaller than the maximum NEFZX drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for LCRDX and NEFZX.

Drawdown Indicators

	LCRDX	NEFZX	Difference
Max Drawdown Largest peak-to-trough decline	-22.75%	-32.07%	+9.32%
Max Drawdown (1Y) Largest decline over 1 year	-3.64%	-4.17%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-6.95%	-5.88%	-1.07%
Max Drawdown (5Y) Largest decline over 5 years	-13.62%	-17.19%	+3.57%
Max Drawdown (10Y) Largest decline over 10 years	—	-17.21%	—
Current Drawdown Current decline from peak	-0.06%	-2.18%	+2.12%
Average Drawdown Average peak-to-trough decline	-4.28%	-3.36%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	1.23%	+0.37%

Volatility

LCRDX vs. NEFZX - Volatility Comparison

The current volatility for Lord Abbett Credit Opportunities Fund (LCRDX) is 1.32%, while Loomis Sayles Strategic Income Fund (NEFZX) has a volatility of 1.68%. This indicates that LCRDX experiences smaller price fluctuations and is considered to be less risky than NEFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCRDX	NEFZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	1.68%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	3.17%	3.42%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	4.30%	4.41%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.68%	5.57%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.82%	5.27%	+0.55%

LCRDX vs. NEFZX - Expense Ratio Comparison

LCRDX has a 1.39% expense ratio, which is higher than NEFZX's 0.95% expense ratio.

Dividends

LCRDX vs. NEFZX - Dividend Comparison

LCRDX's dividend yield for the trailing twelve months is around 10.35%, more than NEFZX's 3.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCRDX Lord Abbett Credit Opportunities Fund	10.35%	9.81%	9.09%	9.54%	5.10%	9.71%	4.24%	0.00%	0.00%	0.00%	0.00%	0.00%
NEFZX Loomis Sayles Strategic Income Fund	3.97%	3.83%	5.60%	5.37%	6.34%	2.64%	4.20%	3.51%	4.28%	4.06%	4.76%	10.22%

Frequently Asked Questions

Can I hold both LCRDX and NEFZX in my portfolio?

LCRDX and NEFZX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCRDX or NEFZX?

NEFZX has higher volatility (1.68%) compared to LCRDX (1.32%). In terms of maximum drawdown, LCRDX dropped -22.75% vs NEFZX's -32.07%.

Which has better risk-adjusted returns?

LCRDX currently has the higher Sharpe Ratio (1.84 vs 1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.